EUR/USD 1H Price has broken through a recent high and low. This is only a potential trade at the moment we have to wait to see what price does, but this might be the beginning of a reversal and I don't even like reversals.

Based on my understanding, 3 periods is referring to 3 candles regardless of the timeframe you are trading. So if you are looking at the 1h chart then you will want at least 3 1 hour candles before price pulls back to the level. Basically you are ...

After some time away from Forex I am back and this is exactly how I have decided to trade. I think with the right discipline it can be successful long term but I have not traded it long enough to verify it. It is great to come across someone who is ...

To me the problem is not the stop loss itself, but the reason why you are not using one. To start off with, I don't care for hard physical stop losses, whether it is set on your order or in your head and you are confident you will be in front of the ...

I think he might have meant it the other way around. Depending on your strategy, the volatility shouldn't affect you too much. You might be gaining less pips so your tp has become smaller but surely your sl has become smaller too thus your RR ratio ...

eurusdthb, I have read through your other thread and I can understand your frustration with what indicator/system/method to go with, people finally tell you forget about indicators and to focus on price action and here we are trying to find out what ...

I would start with the actual time that you are placing the trade, trade the london and NY overlap as it sees the most volume in the trading day. Also put some limits for yourself, set a one trade per day limit, this will encourage you to look for ...

Hi Dra, I look forward to seeing some charts and analysis, its always nice to compare charts to make sure we are on the right track with our own charts and to see where we are going wrong if we arn't quite drawing the right lines etc

Is the room up and running? i can't find it in the day traders menu and the express link doesn't work either

It is absolutely important to have a SL. Whether it is a physical stop loss that you place with your broker, or a stop loss that you have in your head is a different story. No it is not important to have a physical SL if you are sitting infront of ...

I think you just gave me the last piece to complete my puzzle, thank you!

Charts are helpful, but if you could make a few indications of where you enter and exit on those charts and why. From what I can see you are simply using S/R, drawing a channel for the range, and then trading the break of this range when price ...

Hey Teb, I just have a question about exiting, i've been wondering if it wouldn't be more profitable to exit your whole position at 10 pips, instead of just the first lot, or do you feel letting the 2nd lot run is the key to being profitable in the ...

Im not sure about flat, but yes most of the pairs RSI on the 30min chart is sitting between the 55-45 channel, so waiting for it to move out into a direction before looking for entries.

But i'm talking about Aus/Usd. Well done with your profits though.

Looks like shorts could be back in play for the aussie, waiting for decent pullback on 5min.

Very true Teb, it crossed my mind to buy euros on this fact alone. But could have, should have, would have's dont help now, but i should have known to stay out of the markets for the time being, my mistake. Oh well, learn something new everyday

Euro is stuffing up my Aussie shorts

I take it you are looking at selling that level because of the resistance that has been formed there on the 5min chart? Its broken that level, but im holding on as its still only looking as a pullback to the MA's on the 30min chart. But quickly ...

Hey Teb, I think it will be a useful addition to the emails, thanks a lot.